Parkside Investments LLC Acquires 195,026 Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Parkside Investments LLC boosted its holdings in shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 297.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 260,494 shares of the company's stock after acquiring an additional 195,026 shares during the quarter. Parkside Investments LLC's holdings in Warner Bros. Discovery were worth $2,753,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WBD. Sugar Maple Asset Management LLC acquired a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at about $33,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Warner Bros. Discovery during the 3rd quarter worth approximately $41,000. Larson Financial Group LLC grew its holdings in shares of Warner Bros. Discovery by 54.1% during the third quarter. Larson Financial Group LLC now owns 4,998 shares of the company's stock worth $41,000 after purchasing an additional 1,754 shares during the last quarter. Quarry LP boosted its stake in shares of Warner Bros. Discovery by 2,185.1% during the second quarter. Quarry LP now owns 6,307 shares of the company's stock worth $47,000 after buying an additional 6,031 shares during the period. Finally, Rosenberg Matthew Hamilton grew its stake in shares of Warner Bros. Discovery by 448.3% in the 4th quarter. Rosenberg Matthew Hamilton now owns 4,578 shares of the company's stock valued at $48,000 after purchasing an additional 3,743 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WBD has been the topic of several recent analyst reports. Rosenblatt Securities upped their target price on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Guggenheim lifted their price objective on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a "buy" rating in a report on Thursday, December 12th. Needham & Company LLC reiterated a "hold" rating on shares of Warner Bros. Discovery in a research report on Thursday, October 10th. KeyCorp lifted their target price on Warner Bros. Discovery from $11.00 to $14.00 and gave the company an "overweight" rating in a research note on Tuesday, December 10th. Finally, Wolfe Research upgraded Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a research note on Monday, November 11th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $11.76.

Insider Transactions at Warner Bros. Discovery

In other news, insider Savalle Sims sold 169,436 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the transaction, the insider now owns 599,317 shares of the company's stock, valued at $7,407,558.12. The trade was a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.80% of the company's stock.

Warner Bros. Discovery Trading Up 2.3 %

Shares of NASDAQ:WBD traded up $0.24 during mid-day trading on Monday, hitting $10.49. The company had a trading volume of 22,672,029 shares, compared to its average volume of 26,430,564. The company has a market capitalization of $25.72 billion, a PE ratio of -2.29, a price-to-earnings-growth ratio of 6.12 and a beta of 1.50. Warner Bros. Discovery, Inc. has a one year low of $6.64 and a one year high of $12.70. The firm has a fifty day moving average price of $10.42 and a 200 day moving average price of $8.83. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.12. The company had revenue of $9.62 billion for the quarter, compared to analysts' expectations of $9.79 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. Warner Bros. Discovery's quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm earned ($0.17) earnings per share. As a group, research analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 EPS for the current year.

Warner Bros. Discovery Profile

Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.